Cost of Living & Prices:
Mexico vs. Panama
Compare the cost of living and prices of goods and services, such as consumer goods prices, housing costs, average wages and more, to learn about differences and similarities between countries.
Mexico
Afghanistan
Albania
Algeria
Andorra
Angola
Anguilla
Antarctica
Antigua and Barbuda
Argentina
Armenia
Aruba
Australia
Austria
Azerbaijan
The Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Benin
Bermuda
Bhutan
Bolivia
Bosnia and Herzegovina
Botswana
Brazil
British Indian Ocean Territory
British Virgin Islands
Brunei
Bulgaria
Burkina Faso
Myanmar (Burma)
Burundi
Cambodia
Cameroon
Canada
Cape Verde
Cayman Islands
Central African Republic
Chad
Chile
China
Christmas Island
Cocos Keeling Islands
Colombia
Comoros
Cook Islands
Costa Rica
Croatia
Cuba
Curaçao
Cyprus
Czech Republic
Democratic Republic of the Congo
Denmark
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt
El Salvador
Equatorial Guinea
Eritrea
Estonia
Ethiopia
Falkland Islands
Faroe Islands
Fiji
Finland
France
French Guiana
French Polynesia
Gabon
The Gambia
Georgia
Germany
Ghana
Gibraltar
Greece
Greenland
Grenada
Guam
Guatemala
Guinea
Guinea Bissau
Guyana
Haiti
Honduras
Hungary
Iceland
India
Indonesia
Iran
Iraq
Ireland
Israel
Italy
Ivory Coast
Jamaica
Japan
Jordan
Kazakhstan
Kenya
Kiribati
Kosovo
Kuwait
Kyrgyzstan
Laos
Latvia
Lebanon
Lesotho
Liberia
Libya
Liechtenstein
Lithuania
Luxembourg
Madagascar
Malawi
Malaysia
Maldives
Mali
Malta
Marshall Islands
Mauritania
Mauritius
Mayotte
Micronesia
Moldova
Monaco
Mongolia
Montenegro
Montserrat
Morocco
Mozambique
Namibia
Nauru
Nepal
Netherlands
New Caledonia
New Zealand
Nicaragua
Niger
Nigeria
Niue
Norfolk Island
North Korea
North Macedonia
Northern Mariana Islands
Norway
Oman
Pakistan
Palau
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Pitcairn Island
Poland
Portugal
Puerto Rico
Qatar
Republic of the Congo
Reunion
Romania
Russia
Rwanda
Saint Barthelemy
Saint Helena
Saint Kitts and Nevis
Saint Lucia
Saint Martin
Saint Pierre and Miquelon
Saint Vincent and the Grenadines
Samoa
San Marino
Sao Tome and Principe
Saudi Arabia
Senegal
Serbia
Seychelles
Sierra Leone
Singapore
Slovakia
Slovenia
Solomon Islands
Somalia
South Africa
South Korea
South Sudan
Spain
Sri Lanka
Sudan
Suriname
Eswatini (Swaziland)
Sweden
Switzerland
Syria
Taiwan
Tajikistan
Tanzania
Thailand
Timor Leste
Togo
Tokelau
Tonga
Trinidad and Tobago
Tunisia
Turkey
Turkmenistan
Turks and Caicos Islands
Tuvalu
Uganda
Ukraine
United Arab Emirates
United Kingdom
United States
Uruguay
US Virgin Islands
Uzbekistan
Vanuatu
Vatican
Venezuela
Vietnam
Wallis and Futuna
Western Sahara
Yemen
Zambia
Zimbabwe
Mexico CityTable of contents
Grocery
Mexico vs. Panama - grocery purchase prices. You would pay on average 1.04 times more for grocery shopping in Mexico than in Panama.
Apples (1kg)
One kilogram of apples costs 2.95 USD in Mexico and 3.96 USD in Panama. The price of this product is 25.5% lower in Mexico.
Banana (1kg)
1 kilogram of bananas costs 1.81 USD in Mexico and 1.35 USD in Panama. The price of this product is 25.4% lower in Panama.
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
One kilogram of beef or similar meat costs 11.78 USD in Mexico and 9.28 USD in Panama. The price of this product is 21.2% lower in Panama.
Bottle of Wine (Mid-Range)
A bottle of medium-grade wine costs 10.66 USD in Mexico and 10 USD in Panama. The price of this product is 6.2% lower in Panama.
Chicken Fillets (1kg)
One kilogram of chicken fillet costs 8.47 USD in Mexico and 7.25 USD in Panama. The price of this product is 14.4% lower in Panama.
Cigarettes 20 Pack (Marlboro)
A pack of 20 cigarettes costs 4.27 USD in Mexico and 5.92 USD in Panama. The price of this product is 27.9% lower in Mexico.
Domestic Beer (0.5 liter bottle)
Domestic beer in a 0.5 liter bottle costs 1.7 USD in Mexico and 1.23 USD in Panama. The price of this product is 27.6% lower in Panama.
Eggs (regular) (12)
You will pay 2.57 USD for 12 eggs in Mexico and 2.66 USD in Panama. The price of this product is 3.4% lower in Mexico.
Imported Beer (0.33 liter bottle)
A 0.33 liter bottle of imported beer costs 3.57 USD in Mexico and 2.23 USD in Panama. The price of this product is 37.5% lower in Panama.
Johnnie Walker Red Label Whisky 0.7 Litre
A 0.7 liter bottle of Johnnie Walker Red Label whiskey costs 23.98 USD in Mexico and 22.54 USD in Panama. The price of this product is 6% lower in Panama.
Lettuce (1 head)
One head of lettuce costs 1.39 USD in Mexico and 2.11 USD in Panama. The price of this product is 34.1% lower in Mexico.
Loaf of Fresh White Bread (500g)
One loaf of fresh white bread costs 2.66 USD in Mexico and 2.43 USD in Panama. The price of this product is 8.6% lower in Panama.
Local Cheese (1kg)
One kilogram of locally produced cheese costs 9.9 USD in Mexico and 11.32 USD in Panama. The price of this product is 12.5% lower in Mexico.
Milk (regular), (1 liter)
One liter of milk costs 1.68 USD in Mexico and 1.81 USD in Panama. The price of this product is 7.2% lower in Mexico.
Onion (1kg)
One kilogram of onions costs 2.27 USD in Mexico and 2.41 USD in Panama. The price of this product is 5.8% lower in Mexico.
Oranges (1kg)
One kilogram of oranges costs 2.14 USD in Mexico and 2.91 USD in Panama. The price of this product is 26.5% lower in Mexico.
Potato (1kg)
One kilogram of potatoes costs 2.15 USD in Mexico and 2.14 USD in Panama. The price of this product is 0.5% lower in Panama.
Rice (white), (1kg)
One kilogram of white rice costs 1.95 USD in Mexico and 2.29 USD in Panama. The price of this product is 14.8% lower in Mexico.
Smirnoff Red Label Vodka 0.7 Litre
A 0.7 liter bottle of Smirnoff Red Label vodka costs 13.06 USD in Mexico and 9.82 USD in Panama. The price of this product is 24.8% lower in Panama.
Tomato (1kg)
One kilogram of tomatoes costs 2.04 USD in Mexico and 3 USD in Panama. The price of this product is 32% lower in Mexico.
Water (1.5 liter bottle)
A 1.5 liter bottle of water costs 1.11 USD in Mexico and 1.59 USD in Panama. The price of this product is 30.2% lower in Mexico.
Restaurant
Mexico vs. Panama - expenses on meals in restaurants. You would pay 1.13 times more for meals in restaurants in Mexico than in Panama.
Cappuccino (regular)
For a cappuccino in a restaurant, you'll pay 3.75 USD in Mexico and 3.56 USD in Panama. The price of this product is 5.1% lower in Panama.
Coke/Pepsi (0.33 liter bottle)
A 0.33 liter bottle of Coca-Cola or Pepsi costs 1.73 USD in Mexico and 1.51 USD in Panama. The price of this product is 12.7% lower in Panama.
Domestic Beer (0.5 liter draught)
Domestic beer with a capacity of 0.5 liters costs 3.2 USD in Mexico and 2.25 USD in Panama. The price of this product is 29.7% lower in Panama.
Imported Beer (0.33 liter bottle)
A 0.33 liter bottle of imported beer costs 4.8 USD in Mexico and 4 USD in Panama. The price of this product is 16.7% lower in Panama.
McMeal at McDonalds (or Equivalent Combo Meal)
A McMeal or similar meal at McDonald's costs 9.6 USD in Mexico and 8 USD in Panama. The price of this product is 16.7% lower in Panama.
Meal for 2 People, Mid-range Restaurant, Three-course
A three-course meal for two people at a mid-range restaurant costs 53.32 USD in Mexico and 50 USD in Panama. The price of this product is 6.2% lower in Panama.
Meal, Inexpensive Restaurant
A meal at an inexpensive restaurant costs 13.33 USD in Mexico and 10 USD in Panama. The price of this product is 25% lower in Panama.
Water (0.33 liter bottle)
A 0.33 liter bottle of water costs 1.16 USD in Mexico and 1.28 USD in Panama. The price of this product is 9.4% lower in Mexico.
Fuel
Mexico vs. Panama - expenses related to fuel. You would pay 1.54 times more for fuel in Mexico than in Panama.
Diesel 1L
A liter of diesel costs 1.39 USD in Mexico and 0.84 USD in Panama. The price of this product is 39.6% lower in Panama.
Gasoline 1L
A liter of gasoline costs 1.36 USD in Mexico and 0.94 USD in Panama. The price of this product is 30.9% lower in Panama.
Transportation
Mexico vs. Panama - costs of transportation and public communication. You would pay 1.89 times less for transportation in Mexico than in Panama.
Monthly Pass (Regular Price)
The monthly ticket price for public transportation is 19.19 USD in Mexico and 25 USD in Panama. The price of this product is 23.2% lower in Mexico.
One-way Ticket (Local Transport)
The one-way ticket price for local transportation is 0.37 USD in Mexico and 0.5 USD in Panama. The price of this product is 26% lower in Mexico.
Taxi 1hour Waiting (Normal Tariff)
The cost of a one-hour taxi stand/wait is 5.39 USD in Mexico and 21 USD in Panama. The price of this product is 74.3% lower in Mexico.
Taxi 1km (Normal Tariff)
The fare for each kilometer traveled is 0.45 USD in Mexico and 2 USD in Panama. The price of this product is 77.5% lower in Mexico.
Taxi Start (Normal Tariff)
The initial fare during a taxi ride is 1.33 USD in Mexico and 2 USD in Panama. The price of this product is 33.5% lower in Mexico.
Sports & entertainment
Mexico vs. Panama - costs related to entertainment and sports.
Cinema, International Release, 1 Seat
The ticket price for a foreign film in the cinema is 6.4 USD in Mexico and 7.5 USD in Panama. The price of this product is 14.7% lower in Mexico.
Fitness Club, Monthly Fee for 1 Adult
The monthly fee for entry to the fitness club is 57.98 USD in Mexico and 51.93 USD in Panama. The price of this product is 10.4% lower in Panama.
Tennis Court Rent (1 Hour on Weekend)
The cost of renting a tennis court for one hour on the weekend is 25.36 USD in Mexico and 33.75 USD in Panama. The price of this product is 24.9% lower in Mexico.
Flats for rent
Mexico vs. Panama - costs of renting an apartment. You would pay about 1.11 times more for renting an apartment in Mexico than in Panama.
Apartment (1 bedroom) in City Centre
For renting an apartment in the city center consisting of a living room and one bedroom, you will pay 1042 USD in Mexico and 932.58 USD in Panama. The price of this product is 10.5% lower in Panama.
Apartment (1 bedroom) Outside of Centre
For renting an apartment outside the city center consisting of a living room and one bedroom, you will pay 660.13 USD in Mexico and 715.33 USD in Panama. The price of this product is 7.7% lower in Mexico.
Apartment (3 bedrooms) in City Centre
For renting an apartment in the city center consisting of a living room and three bedrooms, you will pay 2244 USD in Mexico and 1702 USD in Panama. The price of this product is 24.2% lower in Panama.
Apartment (3 bedrooms) Outside of Centre
For renting an apartment outside the city center consisting of a living room and three bedrooms, you will pay 1316 USD in Mexico and 1381 USD in Panama. The price of this product is 4.7% lower in Mexico.
Flats for sale
Mexico vs. Panama - costs of purchasing an apartment. You would pay 1.69 times more for buying an apartment in Mexico than in Panama.
Price per Square Meter to Buy Apartment in City Centre
For one square meter of an apartment in the city center you will pay 3543 USD in Mexico and 2012 USD in Panama. The price of this product is 43.2% lower in Panama.
Price per Square Meter to Buy Apartment Outside of Centre
For one square meter of an apartment outside the city center, you will pay 2454 USD in Mexico and 1545 USD in Panama. The price of this product is 37% lower in Panama.
Salary
Mexico vs. Panama - average salary. The average salary in Mexico is 1.08 times higher than in Panama.
Average Monthly Net Salary (After Tax)
The average monthly salary after taxes is 894.12 USD in Mexico and 827.92 USD in Panama. The average salary is 7.4% lower in Panama.
Hotels
Mexico vs. Panama - prices of accommodation in hostels, guesthouses, and hotels.
One star
Two stars
Three stars
Four stars
Five stars
Average accommodation prices based on Expedia.com data • Update: 15 Dec 2024 (1 night stay for 2 people on 29 Dec 2024) • Mexico: 20 cities, 1284 hotels • Panama: 6 cities, 124 hotels